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Author Topic: Seems like BitPay have forgotten one teensy little aspect of crypto.  (Read 21 times)
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Today at 05:16:18 PM
 #1

Instant Transactions. Not instant confirmation(depending on the coin), but instant transactions, so color me surprised when I had failed to fully pay an invoice and I requested a refund.

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While we typically process refunds within 24 hours of submitting the refund request, please allow 1-2 business days for processing. We will notify you when the refund is complete.

I also never knew that coins utilizing mining and a public blockchain only work on business days.

Furthermore, they have botched the payment method by requiring Bitcoin Payment Protocol, they hide the payment address and require apps to pay, on mobile with no dedicated wallet I use other online services..and I couldn't do it, it was thanks to a kind soul on reddit that I saw the method to find the payment address.

BTC:1AiCRMxgf1ptVQwx6hDuKMu4f7F27QmJC2
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Today at 09:24:18 PM
 #2

Instant Transactions. Not instant confirmation(depending on the coin), but instant transactions, so color me surprised when I had failed to fully pay an invoice and I requested a refund.

Quote
While we typically process refunds within 24 hours of submitting the refund request, please allow 1-2 business days for processing. We will notify you when the refund is complete.

I also never knew that coins utilizing mining and a public blockchain only work on business days.

Furthermore, they have botched the payment method by requiring Bitcoin Payment Protocol, they hide the payment address and require apps to pay, on mobile with no dedicated wallet I use other online services..and I couldn't do it, it was thanks to a kind soul on reddit that I saw the method to find the payment address.
They supposedly enforced BIP70 for security and less man-in-the-middle attacks (but by using BIP70 they're able to 'reject' BTC transactions). I appreciate their attempt at more security, but like you said many wallets still don't even support BIP70. If you know any businesses using Bitpay right now, I strongly suggest you urge them to use Coinpayments, CoinGate or CoinsBank- they're perfectly good alternatives and unlike Bitpay they're not trying to sabotage BTC. The faster people change over to these alternatives, the better.

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███████████████████  WHITEPAPER  ████
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Today at 11:19:07 PM
 #3

BitPay received a shitload of criticism regarding their retarded change, and rightfully so. In their terms it's done for security purposes, but in real world terms, it will make people move away from BitPay.

Also, this costs merchants using BitPay to accept Bitcoin potential revenue, which is a shame. For that reason I strongly believe that BitPay will return the option to view and copy the standard address.

It's mind boggling how they went ahead and globally deployed their new payment forms, without testing everything on a much smaller scale. I am sure that it would have made them aware of how annoying it is.

Just shows how businesses when growing larger, care less about their users......

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Today at 11:26:37 PM
 #4

Furthermore, they have botched the payment method by requiring Bitcoin Payment Protocol, they hide the payment address and require apps to pay, on mobile with no dedicated wallet I use other online services..and I couldn't do it, it was thanks to a kind soul on reddit that I saw the method to find the payment address.

I was annoyed at first, but it's pretty convenient if you are using a BIP70-compliant wallet. I think BitPay got overwhelmed by people who copy/pasted addresses and amounts incorrectly and then bogged down their customer service. First, they added a big warning prompt if you attempted to copy/paste instead of using a QR code. Then they implemented BIP70.

They supposedly enforced BIP70 for security and less man-in-the-middle attacks (but by using BIP70 they're able to 'reject' BTC transactions).

How does it prevent MITM attacks? How can they reject transactions?

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